Solana just took a big leap toward mainstream finance. The Depository Trust and Clearing Corporation (DTCC) has listed two Solana futures ETFs – an important milestone that could pave the way for even bigger developments.
Why does this matter? In the world of ETFs, getting listed on the DTCC is often a key step before actual trading begins. And with the SEC currently reviewing multiple spot Solana ETF applications, this move has sparked fresh speculation: Could a spot Solana ETF be next?
Here’s what you need to know about this latest development.
Why DTCC Listing Matters
The DTCC plays a key role in the financial system by providing clearing and settlement services for trades. It recently added two Solana futures ETFs to its list:
- Volatility Shares Solana ETF (SOLZ)
- Volatility Shares 2x Solana ETF (SOLT)
This is a significant step because DTCC listing is often required before an ETF can start trading on exchanges.
This development comes as the U.S. Securities and Exchange Commission (SEC) reviews multiple applications for a spot Solana ETF. Some of the firms seeking approval include 21Shares, Bitwise, Canary, VanEck, and Franklin Templeton, which manages over $1.2 trillion in assets.
With Solana futures ETFs now listed, expectations for a spot Solana ETF are rising.
Only Two Out of Three Solana ETFs Made the List
Volatility Shares had initially filed for three Solana ETFs, offering exposure to Solana futures contracts with different leverage options. However, only the 1x and 2x leveraged ETFs were listed on the DTCC, while the -1x leveraged ETF was not included.
These funds are expected to invest in Solana futures contracts traded on Commodity Futures Trading Commission (CFTC)-regulated exchanges. At the time of filing, there were no such contracts available. However, earlier this month, Coinbase launched Solana futures contracts on its CFTC-regulated derivatives exchange, making futures trading possible.
Analysts See Positive Change
Bloomberg analyst Eric Balchunas called the DTCC listing a positive step toward spot ETF approval. However, he cautioned that it does not mean the ETFs are ready for trading yet. For example, VanEck’s spot Ethereum ETF took nearly two months after DTCC listing before it launched.
As U.S. regulators gradually open up to crypto ETFs, more asset managers are looking to launch ETFs for XRP, Litecoin, and Dogecoin.
With Solana’s futures ETFs now listed, the crypto market is watching closely to see if a spot Solana ETF will be next.
This move brings Solana one step closer to the big leagues—now, the market waits.
